CSX Co. (NASDAQ:CSX) Shares Purchased by BROOKFIELD Corp ON

BROOKFIELD Corp ON increased its stake in CSX Co. (NASDAQ:CSX - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,337,893 shares of the transportation company's stock after acquiring an additional 73,103 shares during the period. BROOKFIELD Corp ON owned approximately 0.07% of CSX worth $43,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CSX. Cary Street Partners Financial LLC acquired a new position in shares of CSX in the 4th quarter valued at about $911,000. Chapman Financial Group LLC purchased a new position in CSX in the fourth quarter valued at approximately $163,000. Brown Advisory Inc. lifted its position in CSX by 1.8% during the fourth quarter. Brown Advisory Inc. now owns 373,199 shares of the transportation company's stock valued at $12,043,000 after buying an additional 6,735 shares in the last quarter. Ameriprise Financial Inc. grew its stake in CSX by 89.7% during the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock worth $673,025,000 after buying an additional 9,863,587 shares during the period. Finally, Alteri Wealth LLC acquired a new stake in shares of CSX in the fourth quarter worth $278,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of NASDAQ:CSX traded down $0.22 on Friday, reaching $28.74. 9,630,144 shares of the company's stock were exchanged, compared to its average volume of 12,744,698. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The business's 50-day moving average is $28.78 and its two-hundred day moving average is $31.85. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $53.99 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.81%. CSX's payout ratio is currently 31.14%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI decreased their price target on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Bank of America decreased their target price on CSX from $33.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 target price on the stock. Susquehanna reduced their price target on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.86.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.